ABOUT EVENT / Overview
As a developing nation, the New India vision is an image of the development that is taking place at a much faster pace than expected. According to the United Nations State of the World Population report, 40.76% of the country’s population is expected to live in urban areas by 2030. The annual rate of urbanization of 2.37% has burdened the public infrastructure in nearly 500 cities comprising more than 70% of the India’s urban population. The urgency to upgrade the present urban transportation systems including rail, Mass Rapid Transit System (MRTS), Metrolite and other modes for the citizens is a challenge the Indian government is looking at over the medium-term.
The aspiring vision of rejuvenating the urban transport system includes bullet trains, dedicated freight corridors (DFC), MRTS networks within cities with Metrolite options for smaller cities and optimising existing infrastructure for the Indian Railways through modernisation. Foreign Direct Investment (FDI) inflows into Railways Related Components from April 2000 to June 2019 stood at US$ 977.24 million. Projects like Golden Quadrilateral linking Mumbai, Delhi, Kolkata and Chennai with high speed train corridors are proposed by the Government. India has signed an agreement with the Government of Japan which will help to implement the Mumbai-Ahmedabad high speed rail corridor along with a financial assistance that would cover 81 per cent of the total project cost.
In the course of next five years, the Indian railway market will be the 3rd largest market which will be accounting for 10% of the global market. Indian Railways has targeted to increase the freight traffic to 3.3 billion tonnes by 2030 from 1.1 billion tonnes in 2017. Projecting that the freight traffic in railway via the Dedicated Freight Corridors will increase at a CAGR of 5.4% to 182 million tonnes in 2021–22 from 140 million tonnes in 2016–17.
With 12 major and 200 minor and intermediate ports, 95% of India’s trading by volume and 70% by value is moved through maritime transport. The rising trade has contributed significantly to the country’s cargo traffic with a capacity at major Indian ports reaching 1,477 million tonnes in FY19.
The charging infrastructure market in India is expected to grow at a compound annual growth rate (CARG) of 40% in the next five to six years. Majority of the industry experts believe that 40-45% electric conversion by 2030 is an expectation which can be a reality with the provision of infrastructure. Adaptation of electric mobility in India will be more in the two-wheeler and three-wheeler segments, while the share of electric vehicles (EVs) in the four-wheeler space is expected to remain at the at the lower side in the next five years, according to a report by CRISIL Research.
Highlights of transit2020: urban mobility-
- Government policies and frameworks towards partnership with the private sector.
- The 19 under construction metro projects and updates on the proposed lines.
- The Indian railways identification of six new corridors for the high-speed or semi-high speed along with 4 new Dedicated Freight Corridors (DFC).
- The Sagarmala Initiative: Developing the major ports in India.
- The 3,373-km DFC, a flagship project of the Railways aiming to expand rail transport capacity.
- Electric Mobility and the infrastructure requirements for the Indian passenger vehicle market.